City New Delhi Financial News

12.03 / 11:13
Citi Target Manufacturing Platform Fighting Mobile innovations Bharat Shakti: Showcasing India’s Indigenous Defence Capabilities; PM watches
Amidst the arid expanse of Rajasthan’s Pokhran, Prime Minister Narendra Modi bore witness to the 50-minute-long integrated tri-service firepower and manoeuvre exercise dubbed “Bharat Shakti.”
12.03 / 10:49
Citizens Platform pandemic trends country reports VFS Global rejigs top deck, Yummi Talwar to replace South Asia COO Prabuddha Sen
Mint. Talwar has been the company's regional head for the visa business for Europe. Talwar joined the company in 2006 and has worked in the company's New Delhi, Kuala Lumpur, UAE and London offices.
12.03 / 06:13
UPS Provident Bill country rights Arunachal Pradesh is ‘Chinese territory’: PM Modi's visit irks Beijing; China says, ‘India has no right to…’
₹825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to military officials. China, which claims Arunachal Pradesh as South Tibet, routinely objects to Indian leaders' visits to the state to highlight its claims.
11.03 / 19:11
UPS Citi FIVE Mobile economy country recommendations Tata Motors calls on govt to extend sops by 3 years to further boost EV adoption
Tata Motors, which harnessed increasing demand for electric cars to reclaim automotive market-capitalization leadership in India, has urged New Delhi to extend incentives on electric taxis for another three years and also include personal cars in the government's flagship demand support program FAME, citing global EV leader China's example. Tata Motors, which has seen a near-six-fold surge in its stock price through the past five years that helped establish its domestic EV leadership credentials, wants New Delhi to help replicate an enabling environment similar to that in Beijing that has pledged to support adoption of EVs until unit sales touched at least a fifth of all new cars sold. «Globally, major economies (China, Germany) have continued to support EV adoption with demand subsidies until achievement of at least 20% EV adoption,» Shailesh Chandra, managing director, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said in the letter dated March 9. «The Parliamentary Standing Committee on Industry had also recommended in 2023 that the Government broaden the scope and extend FAME by at least three more years to make the scheme more inclusive,» Chandra said in the letter, a copy of which has been seen by ET.
11.03 / 15:33
UPS FIVE awards Bill reports Department Utility Adani Electricity Mumbai, Torrent Power Surat top power utility ratings
NEW DELHI : Adani Electricity Mumbai Ltd, Torrent Power Surat, and Torrent Power Ahmedabad have topped in the power ministry’s integrated rating of electricity distribution companies, or discoms, for FY23. Dakshin Gujarat Vij Co. Ltd and Uttar Pradesh Vij Co.
11.03 / 15:25
markets UPS Citi economy Remark wellness travelers Dwarka Expressway inauguration by PM Modi to boost property market in Gurugram
Prime Minister Narendra Modi inaugurated the Haryana section of the Dwarka Expressway today, heralding a new era for the real estate market in the region. With this, the Dwarka Expressway-New Gurgaon cluster is expected to see more holistic development of real estate on the back of operational expressway.
11.03 / 15:11
Provident MET FIVE Progressive Trade country Option NOT India will have option to withdraw duty concessions if USD 100 bn investment commitment not met by EFTA
India will have the option of temporarily withdrawing customs duty concessions on EFTA country goods under the trade agreement between the two sides, if the four European nation bloc would not fulfil its USD 100 billion investment obligations. Though the investments have to flow in 15 years — USD 50 billion in the first 10 years (counted after implementation of the pact) and another USD 5 billion in next five years, the trade deal also provides for a three-year grace period to the EFTA bloc to meet the obligations, according to the documents accompanying the agreement. India and four-nation European Free Trade Association (EFTA) bloc signed Trade and Economic Partnership Agreement (TEPA) on March 10 under which New Delhi received a foreign direct investment commitment of USD 100 billion in 15 years from the member countries of the grouping. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.
11.03 / 14:01
markets COST UPS Manufacturing Research performer NOT Not cool enough: Bleeding Lloyd gives Havells a hard time
NEW DELHI : In the first week of March, a Vijay Sales store in Noida, Uttar Pradesh, buzzed with shoppers crowding the place. Holi, the festival of colours, is around the corner; it announces the onset of the long and gruelling Indian summer. Expectedly, around this time, the demand for room air conditioners (ACs) shoots up.
11.03 / 11:44
UPS Strategy 2020 reports rights International stake Interested only in bidding for AAI stake in Mumbai, other AAI airports: Karan Adani
NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...
11.03 / 11:41
Citi FIVE WhatsApp country cover recommendations Destinations 10 new Vande Bharat trains to be launched tomorrow: Here are routes, extensions and other details
Narendra Modi will inaugurate 10 new Vande Bharat trains across various routes in the country, pushing the total number of operational trains past the half-century mark. These new additions come a little over two months since the last batch of trains were launched. 10 New Vande Bharat's Routes The 10 new trains cover a range of routes, including 1. Lucknow-Dehradun 2. Patna-Lucknow
11.03 / 10:25
UPS Provident WhatsApp Bill country rights China protests to India over PM Modi's visit to Indian state Arunachal Pradesh
diplomatic protest with India over Prime Minister Narendra Modi's visit to Arunachal Pradesh last week, reiterating its claim over the area by saying India's moves will «only complicate» the boundary question. Prime Minister Modi on Saturday dedicated to the nation the Sela Tunnel built at an altitude of 13,000 feet in Arunachal Pradesh that will provide all-weather connectivity to strategically located Tawang and is expected to ensure better movement of troops along the frontier region. The Rs 825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to military officials.
11.03 / 09:55
WhatsApp Diversity innovations travelers Features Interviews Relationships US Embassy in Delhi processes over 1,000 visitor visa applications in 'Super Saturday'
US Embassy in New Delhi processed more than 1,000 visitor visa applicants for interviews during the 'Super Saturday' drive. The US Ambassador to India Eric Garcetti joined the embassy team to support the surge and assist in the fingerprint verification process, according to a press release from the embassy. 'Super Saturday' drives, initiated sporadically since 2022, are set to become a quarterly feature going forward.
11.03 / 09:01
Cooper Aware country cover reports Investigations Scandals India, Italy to sign extradition treaty amid improving bilateral ties
NEW DELHI : India and Italy are set to sign an extradition treaty as the two countries seek to repair their bilateral relations that were waylaid by the 2012 killing of two Indian fishermen by Italian marines. The extradition treaty will make it easier for both countries to counter crime and improve cooperation between their law enforcement agencies, said people aware of the developments. The final text of the extradition treaty has been approved by the MEA and the ministry of home affairs, with the law ministry examining it for the Union cabinet’s approval, these people said.
11.03 / 06:33
markets UPS Manufacturing economy performer country Headlines Indian economy's performance better than headline numbers: Sanjeev Sanyal
NEW DELHI : New Delhi: India's economic performance is better than what the headline numbers reveal, with the sharp GDP growth coming amid challenging global macroeconomic conditions, Sanjeev Sanyal, member of Prime Minister Narendra Modi’s Economic Advisory Council, told Mint in an interview. India's higher-than-expected growth of 8.4% during the third quarter of fiscal 2023-24 came without accompanying macroeconomic stresses, he added. Edited excerpts: The latest reading of an 8%-plus growth rate exceeds even the government's expectations.
11.03 / 06:15
Research Virus show patient medicines infection Vaccines Dengue risk re-evaluated: India research finds first infections can be as severe as secondary
dengue can be as life-threatening as the subsequent ones, according to a study which challenges the widely held belief that the viral disease is severe only in secondary infections. The research, published recently in the journal Nature Medicine, analysed severe dengue cases in a group of children in India, showing that more than half could be attributed to primary rather than secondary infection. Over the past two decades, dengue infections have greatly increased in India and the country has one of the largest number of cases globally. Dengue patients fall into two categories — those experiencing the infection for the first time, known as primary infections and those who get re-infected after a previous exposure, known as secondary infections.
10.03 / 19:11
markets Provident Cooper Landmark Sustainability Trade country India signs a trade accord with 4 European nations for $100 billion investment over 15 years
India has signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years
10.03 / 18:35
markets Target Aware Platform Enterprise reports Edelweiss front runner to buy O2 Power’s 350 MW solar projects
New Delhi: Sekura Energy, an energy sector-focused platform of Edelweiss Infrastructure Yield Plus Fund, is the front-runner to buy solar projects totalling 350 megawatts (MW) from O2 Power, two people aware of the development said. The deal is likely to have an equity and enterprise value of $50 million and $200 million, respectively, the people said. The sale process is being run by EY.
10.03 / 18:35
markets UPS Art Digital pandemic travelers ‘Focused on introducing newer artists in Indian art collection market’
NEW DELHI : New Delhi: British art auction house Sotheby's is attempting to cater to young Indian art collectors, who are now more comfortable about art and about spending on them, through different initiatives. The auction house is also proactively introducing new artists to its platform to provide more choices to the young collector, a senior official of the company said in an interview.
10.03 / 17:27
markets UPS Provident Sustainability Trade country Parliamentary approval process for TEPA to be initiated immediately: Swiss govt
mega trade deal between New Delhi and the four-nation European bloc EFTA will not only open up broad market access for Swiss businesses in India but is set to improve the legal framework and predictability for them, the Swiss government said on Sunday. The European Free Trade Association (EFTA) States — Iceland, Liechtenstein, Norway and Switzerland — signed a Trade and Economic Partnership Agreement (TEPA) with India that came after around 16 years of negotiations. Under the mega trade pact, the four European countries are looking at making an investment of USD 100 billion in India over the next 15 years. The trade deal will provide a window to Indian exporters to access large European and global markets besides allowing companies from the four EFTA countries to expand businesses and investment in India.
10.03 / 16:07
Provident Strategy Mobile Election President information BJP to hold Central Election Committee meeting on Monday
National Democratic Alliance (NDA) from Maharashtra, Odisha, Andhra Pradesh, Karnataka, Haryana, and Bihar are likely to discuss seat sharing with the BJP's top leadership tomorrow. Meanwhile, four leaders from Bharat Rashtra Samithi (BRS) and one from Congress joined the Bharatiya Janata Party (BJP) on Sunday in the presence of party's General Secretary Tarun Chugh in New Delhi.
10.03 / 14:15
Election President 'Farmers' issues, Agniveers': Hisar MP Brijendra Singh explains why he quit BJP
ANI. Chautala, commenting on Singh's move to the Congress said, "For one year he was not able to take any decision and finally, he took it. This is his thinking.

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